LUMENTUM HOLDINGS INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 43.42 USD | +3.36% |
|
+4.02% | -17.17% |
| Apr. 11 | JPMorgan Cuts Price Target on Lumentum Holdings to $57 From $62, Maintains Overweight Rating | MT |
| Mar. 26 | Transcript : Lumentum Holdings Inc. - Special Call |
Valuation
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,159 | 6,003 | 6,374 | 5,370 | 3,897 | 2,926 | - | - |
| Enterprise Value (EV) 1 | 4,231 | 5,581 | 5,609 | 4,697 | 3,897 | 4,674 | 4,503 | 4,254 |
| P/E ratio | -101 x | 45.8 x | 16.6 x | 29 x | -29.4 x | -10 x | -20.4 x | -41.5 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 2.66 x | 3.58 x | 3.66 x | 3.14 x | 2.21 x | 2.12 x | 1.77 x | 1.51 x |
| EV / Revenue | 2.7 x | 3.32 x | 3.22 x | 2.74 x | 2.21 x | 3.38 x | 2.72 x | 2.2 x |
| EV / EBITDA | 9.99 x | 9.96 x | 9.03 x | 7.72 x | 9.03 x | 30.4 x | 15.6 x | 9.97 x |
| EV / FCF | 25.8 x | 12.7 x | 8.71 x | 12.8 x | - | 91.9 x | 29.7 x | 20.1 x |
| FCF Yield | 3.88% | 7.85% | 11.5% | 7.84% | - | 1.09% | 3.37% | 4.98% |
| Price to Book | 2.61 x | 3.44 x | 3.11 x | 2.82 x | - | 2.36 x | 2.32 x | 2.08 x |
| Nbr of stocks (in thousands) | 76,349 | 74,874 | 75,900 | 69,000 | 68,700 | 67,400 | - | - |
| Reference price 2 | 54.47 | 80.18 | 83.98 | 77.82 | 56.73 | 43.42 | 43.42 | 43.42 |
| Announcement Date | 8/8/19 | 8/11/20 | 8/18/21 | 8/16/22 | 8/17/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,565 | 1,679 | 1,743 | 1,713 | 1,767 | 1,382 | 1,657 | 1,936 |
| EBITDA 1 | 423.5 | 560.1 | 621 | 608.6 | 431.7 | 153.8 | 288.6 | 426.8 |
| EBIT 1 | 320.6 | 446.8 | 536.1 | 527 | 339.2 | 40.89 | 169.2 | 297.9 |
| Operating Margin | 20.48% | 26.62% | 30.76% | 30.77% | 19.2% | 2.96% | 10.21% | 15.39% |
| Earnings before Tax (EBT) 1 | -33.3 | 174.3 | 463.1 | 235.1 | -102.4 | -310.2 | -129.5 | -19.5 |
| Net income 1 | -37.9 | 135.5 | 397.3 | 198.9 | -131.6 | -281.1 | -144.2 | -43.38 |
| Net margin | -2.42% | 8.07% | 22.8% | 11.61% | -7.45% | -20.35% | -8.7% | -2.24% |
| EPS 2 | -0.5400 | 1.750 | 5.070 | 2.680 | -1.930 | -4.323 | -2.126 | -1.047 |
| Free Cash Flow 1 | 164.1 | 438.3 | 643.9 | 368.1 | - | 50.85 | 151.7 | 212 |
| FCF margin | 10.48% | 26.11% | 36.95% | 21.49% | - | 3.68% | 9.16% | 10.95% |
| FCF Conversion (EBITDA) | 38.75% | 78.25% | 103.69% | 60.48% | - | 33.07% | 52.57% | 49.67% |
| FCF Conversion (Net income) | - | 323.47% | 162.07% | 185.07% | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 8/8/19 | 8/11/20 | 8/18/21 | 8/16/22 | 8/17/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Juli | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 448.4 | 446.7 | 395.4 | 422.1 | 506.8 | 506 | 383.4 | 370.8 | 317.6 | 366.8 | 364.4 | 330.9 | 358.8 | 403.9 | 425.5 |
| EBITDA 1 | 179.5 | 162.4 | 125.1 | 142 | 161.9 | 133.4 | 77 | 59.4 | 34.6 | 39 | 40.17 | 31.67 | 45.3 | 70 | 80.55 |
| EBIT 1 | 158.9 | 141.6 | 104.9 | 121.6 | 137.4 | 116.7 | 51.4 | 33.7 | 10.6 | 13 | 11.75 | 5.052 | 17.54 | 38.32 | 49.22 |
| Operating Margin | 35.44% | 31.7% | 26.53% | 28.81% | 27.11% | 23.06% | 13.41% | 9.09% | 3.34% | 3.54% | 3.23% | 1.53% | 4.89% | 9.49% | 11.57% |
| Earnings before Tax (EBT) 1 | 99.6 | 69.1 | 29.3 | 37.1 | 18.8 | -27.1 | -48.7 | -45.4 | -69.3 | -101.5 | -47.5 | -54.2 | -32 | -15.3 | 7.7 |
| Net income 1 | 81.5 | 56.7 | 26 | 34.7 | -0.4 | -31.7 | -39.3 | -60.2 | -67.9 | -99.1 | -53.67 | -62 | -55.32 | -39.52 | -21.99 |
| Net margin | 18.18% | 12.69% | 6.58% | 8.22% | -0.08% | -6.26% | -10.25% | -16.24% | -21.38% | -27.02% | -14.73% | -18.74% | -15.42% | -9.78% | -5.17% |
| EPS 2 | 1.080 | 0.7500 | 0.3500 | 0.4900 | -0.0100 | -0.4600 | -0.5700 | -0.8800 | -1.020 | -1.470 | -0.8933 | -1.001 | -0.8149 | -0.5831 | -0.3283 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/4/21 | 2/3/22 | 5/4/22 | 8/16/22 | 11/8/22 | 2/9/23 | 5/9/23 | 8/17/23 | 11/8/23 | 2/8/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 72.4 | - | - | - | - | 1,747 | 1,577 | 1,327 |
| Net Cash position 1 | - | 423 | 766 | 673 | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.171 x | - | - | - | - | 11.36 x | 5.464 x | 3.11 x |
| Free Cash Flow 1 | 164 | 438 | 644 | 368 | - | 50.9 | 152 | 212 |
| ROE (net income / shareholders' equity) | 25.2% | 25.9% | 26.6% | 23.3% | - | 5.74% | 11.9% | 19.3% |
| ROA (Net income/ Total Assets) | 14.2% | 14% | 14.5% | 11.6% | - | 1.72% | 3.32% | 6.33% |
| Assets 1 | -267.2 | 968.2 | 2,747 | 1,708 | - | -16,383 | -4,337 | -685.8 |
| Book Value Per Share 2 | 20.90 | 23.30 | 27.00 | 27.60 | - | 18.40 | 18.80 | 20.90 |
| Cash Flow per Share 2 | - | - | - | - | - | 4.570 | 1.860 | 4.890 |
| Capex 1 | 166 | 86 | 94.8 | 91.2 | - | 154 | 139 | 155 |
| Capex / Sales | 10.6% | 5.12% | 5.44% | 5.33% | - | 11.18% | 8.36% | 7.98% |
| Announcement Date | 8/8/19 | 8/11/20 | 8/18/21 | 8/16/22 | 8/17/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
43.42
USD
Average target price
54.96
USD
Spread / Average Target
+26.59%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -17.17% | 2.93B | |
| -5.27% | 194B | |
| +12.39% | 82.95B | |
| +61.44% | 66.91B | |
| +10.66% | 57.73B | |
| +11.60% | 27.55B | |
| +12.37% | 20.23B | |
| +63.72% | 20.06B | |
| +8.53% | 17.63B | |
| +17.74% | 11.26B |
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